Private equity company Medu Capital, through Medu I Fund, has acquired 10% of specialist electrical, instrumentation and control systems design and construction company E’nI. The other investor alongside Medu Capital, is Zest Electric Motors (“Zest”) which has acquired 60% of E’nI. In June 2004, Medu Capital’s Medu I secured a 26% shareholding in Zest, a company which has a dominant share in the industrial low voltage electric motor market. This is in line with Medu’s causative growth strategy where Medu Capital aims to continue to add value to existing investments and support their acquisitive growth strategies.
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